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Frenzied Wombat

Frenzied Wombat

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Sanrith Descartes said:
What is your risk tolerance (scale of 1-10).
What is your reward expectation (scale of 1-10) this tends to be negatively correlated to your risk tolerance.
What is your time horizon to not touch the money?
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This is just part of my routine quarterly funding of my personally managed portfolio, it's just for the first time ever I really can't figure out what to dump it in-- everything appears so crazy and counter-logic in terms of performance. I can only really buy ETF's or mutual funds because equities require compliance pre-clear in my self directed account for buy/sell which is a pain in the ass. I've got over 1.7 mil split between 401k, a managed account at Personal Capital, and my own personal portfolio, so it's just a drop in the bucket in terms of additional investment, and normally I would just divvy it over all my existing ETF's (which are tech heavy), but that all seems overbought at the moment. Honestly, the market seems bizarro world surreal and unsustainable to me, and if I wouldn't have to pay out the nose in terms of capital gains taxes, I would liquidate a lot of it.
 
Sanrith Descartes

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It looks with the outing of Softbanks option plays the market fucked them so hard and fast they may not have made much of their 4 billion paper profits.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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Sanrith Descartes

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Frenzied Wombat said:
This is just part of my routine quarterly funding of my personally managed portfolio, it's just for the first time ever I really can't figure out what to dump it in-- everything appears so crazy and counter-logic in terms of performance. I can only really buy ETF's or mutual funds because equities require compliance pre-clear in my self directed account for buy/sell which is a pain in the ass. I've got over 1.7 mil split between 401k, a managed account at Personal Capital, and my own personal portfolio, so it's just a drop in the bucket in terms of additional investment, and normally I would just divvy it over all my existing ETF's (which are tech heavy), but that all seems overbought at the moment. Honestly, the market seems bizarro world surreal and unsustainable to me, and if I wouldn't have to pay out the nose in terms of capital gains taxes, I would liquidate a lot of it.
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If you want to go contra to the current trend maybe look at small cap value. It probably has the most potential upside in terms of the economy opening up and its price is still "relatively" cheap. Example SLYV
 
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Nasdaq 50 DMA is 10,935. We need to erase most of the loss today to regain it. Keep an eye on this near the close.
 
Awanka

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Sanrith Descartes said:
It looks with the outing of Softbanks option plays the market fucked them so hard and fast they may not have made much of their 4 billion paper profits.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
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Softbank is backstopped by the BoJ. In a way it's like a foreign central bank manipulating US markets through a catspaw. Don't want to be a hypocrite, as I'm sure Blackrock which the FED supports also manipulates markets. I don't know if it's ever been this egregious though.

Bought some AAPL today.
 
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Furry

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On the bright side my contributions have more buying power.

Sanrith Descartes said:
It looks with the outing of Softbanks option plays the market fucked them so hard and fast they may not have made much of their 4 billion paper profits.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
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Right now the exact truth of it is a mystery. Having the books of a bank be a mystery is not encouraging to the typical saver. Maybe they unwound everything before losing money, but I just don't think that's likely with how Softbank seems intent on losing money in everything they do. The whole situation is just really, really bizarre.
 
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Sanrith Descartes said:
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8199AA1E-2E78-45D7-BA26-83856172F751.jpeg
 
Hateyou

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China Bat Soup said:
Eh, nothing will come out of this that has a material impact on the financials. Probably nothing at all honestly.
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My guess is the stock will drop in the short term, they’ll say sorry and pull the movie, everything will go on as usual.
 
TheBeagle

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Sanrith Descartes said:
Thus the puts to take advantage of the short term drop.
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Anthony Cumia (Opie and Anthony) calls it N-vesting. Everytime a CEO says some dumb shit, buy some stock on the inevitable dip knowing a rebound will follow. He started doing it after Musk smoked a joint on Rogans show.
 
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Sanrith Descartes

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NKLA updates incoming. So at this point Trevor is either the next Elon Musk or the next Elizabeth Holmes.

amp.ft.com

Nikola founder Trevor Milton insists vehicle start-up is roadworthy

Electric and hydrogen company that announced $2bn tie-up with GM this week also accused of being a fraud
amp.ft.com amp.ft.com

Here is the video. Rumor has it that it's shit on a downslope and the vehicle is just coasting. Some people are now doing the #nikolachallenge and seeing how fast their vehicles will coast down a similar slope.



Supposedly this is the exact same stretch of road they used for the NKLA ad.

 
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Furry

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That's not a very smart life choice by Nikola. You just feed all the haters if you aren't willing to prove your product where people can physically see it.
 
Sanrith Descartes

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I'm lucky I made my cash on NKLA at the SPAC merger. Its enjoyable sitting back and being able to enjoy the dumpster fire from afar. if, and I say if, they are total vaporware what does it say about GM management that they got hoodwinked for 2 billion so easily?
 
Furry

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Sanrith Descartes said:
I'm lucky I made my cash on NKLA at the SPAC merger. Its enjoyable sitting back and being able to enjoy the dumpster fire from afar. if, and I say if, they are total vaporware what does it say about GM management that they got hoodwinked for 2 billion so easily?
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GM didn't pay anything for the shares. It was equity offered for their help engineering and building nikola products in the future. It's a bad deal still, but I think it's one they can escape with relatively minor damage if it turns out the answer to engineering nikola's technology is 'you cant'.
 
Frenzied Wombat

Frenzied Wombat

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What's the consensus on gun stocks? Considering they can't seem to keep up with demand, you'd think this would be a key sector to target, yet they seem to have taken a beating in the last month or so.
 
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